More than half of Millennials expect to be millionaires according to new study

This study is very disturbing. It covers a lot of expectations in addition to fiscal stability of Millennials. They are generally in a lot of debt, they have no plans of saving for retirement until they are in the mid-30s. And yet they think they will be millionaires at some point?

  • New study finds that 53% of Millennials believe they will one day be millionaires
  • Despite that, 25% say they'll never marry and 30% plan on never having children
  • Nearly 1-in-5 report that they they still rely on their parents for financial support
  • They expect to retire at 56, though won't start saving for retirement until age 36
Millennials expect to make it big some day, with more than half reporting that they believe they will eventually become millionaires, according to a new study.

Despite having crushing student loans (20 percent never expect to pay them off), credit card and other debt, people born between 1982 and 2000 share a confidence when it comes to their financial outlook.


'Young people are optimistic about the future,' said JJ Kinahan, chief strategist for TD Ameritrade, in a statement on the company's new report. 'On average, survey respondents expect to land a job in their chosen field and be completely financially independent by age 25.'